GDF Suez wins $1.7bn Oman contracts

02 June 2010

GDF Suez has won a $1.7bn contract for the construction and operation of two independent power projects in Oman, Barka 3 and Sohar2. The two projects are geenfield gas fired plants with a capacity of approximately 1,500MW. GDF Suez will own a 46% stake in the projects. The power produced will be sold under a 15-year purchase agreement to the Oman Power and Water Procurement Company.

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